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Trailing SL currently has; Trail start, Trail stop and trail increment.
1)
I need to add another trail control field for
the user to define number of PIPs, the price must move in the right direction,
once the trailing SL has been triggered, before the incremental moves commence,
thereby extending the gap between price and trailing SL, before the trail
starts to follow the price with the increments set.
2)
I need also an additional increment control
field, allowing the user to set price movement to trail increment movement
ratio. i.e perhaps user requires trail moves by set increment of 0.5pips for
every 0.8pips positive price movement.
Esisting example:
Currently users sets:
Trail start 10 pips
Trail stop 5 pips
Trail increment 0.5 pips
Result:
SL moves from original set position to 5pips behind the current price as the
price hits the 10pips in profit price, then moves along behind the current
price by 0.5 pips for every 0.5 pips the price moves in an increasing profit
direction. Holding its ground when the price revererses.
Propsed example:
users sets:
Trail start 10 pips
Trail stop 5 pips
Pips move before Increment commences 8pips
Trail increment 0.5 pips
Price move for increment 0.8
Result:
SL moves from original set position to 5pips behind the current price as the
price hits the 10pips in profit price, then wits until price moves a further
8pips before the trail movement commences. Then the trail moves along behind
the current price by 0.5 pips for every 0.8 pips the price moves in an
increasing profit direction. Holding its ground when the price reverses.